OECD Compendium of Productivity Indicators 2025

July 25, 2025-Executive summary
Productivity growth remained subdued in 2023 and 2024 amid a shifting geopolitical and economic landscape Productivity growth remained subdued in 2023 and 2024 amid a shifting geopolitical and economic landscape

Following a 0.2% drop in 2022 compared to 2021, labour productivity across all OECD countries rebounded modestly to 0.6% in 2023.

In the euro area, labour productivity fell sharply by 0.9% in 2023, marking the steepest decline since the 2008 financial crisis. Experimental estimates suggest that labour productivity growth is likely to have grown modestly at around 0.4% in 2024 on average across OECD countries, excluding Türkiye.

While Artificial Intelligence (AI), particularly Generative AI, is expected to positively shape future productivity trends if the right policies are in place, its impact is not yet evident in the productivity statistics.

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